Tyler TechnologiesMEX:TYL 81 ROC (Joel Greenblatt) % is 217.73% as of Mar. 2026, which is 116% above its 10-year median of 100.89. GuruFocus rates MEX:TYL with a GF Score™ of 81/100 and a GF Value™ of MXN17,095.72. The stock has 1 warning sign investors should review. Among 2,807 Software companies, Tyler Technologies ranks better than 84.47% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Tyler Technologies's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 217.73%.
The historical rank and industry rank for Tyler Technologies's ROC (Joel Greenblatt) % or its related term are showing as below:
MEX:TYL'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 89.43 Med: 100.89 Max: 206.71
Current: 206.71
During the past 13 years, Tyler Technologies's highest ROC (Joel Greenblatt) % was 206.71%. The lowest was 89.43%. And the median was 100.89%.
MEX:TYL's ROC (Joel Greenblatt) % is ranked better than 84.47% of 2807
companies
in the Software industry
Industry Median: 19.62
vs MEX:TYL: 206.71
Tyler Technologies's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 17.30% per year.
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Tyler Technologies ROC (Joel Greenblatt) % Related Terms
Tyler Technologies ROC (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Tyler Technologies's ROC (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:TYL vs U, DT, PTC: ROC (Joel Greenblatt) % Comparison
For the Software - Application subindustry, Tyler Technologies's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tyler Technologies ROC (Joel Greenblatt) % vs Software Industry
For the Software industry and Technology sector, Tyler Technologies's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tyler Technologies's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 217.73% mean?
Tyler Technologies (MEX:TYL) has a ROC (Joel Greenblatt) % of 217.73% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tyler Technologies and its competitors. This is 116% above median its historical median of 100.89. Over the past decade, Tyler Technologies' ROC (Joel Greenblatt) % has ranged from 89.43 to 206.71. According to the industry distribution chart, Tyler Technologies ranks #436 out of 2807 companies in the Software industry, placing it in the top 15.5%.
Is Tyler Technologies' ROC (Joel Greenblatt) % too high?
Tyler Technologies' current ROC (Joel Greenblatt) % of 217.73% is 116% above median its 10-year median of 100.89. Over the past 10 years, this metric has ranged from a low of 89.43 to a high of 206.71. The Software industry median ROC (Joel Greenblatt) % is 19.62. Tyler Technologies' value of 217.73% is 1009.7% above this industry median. Based on the distribution chart, Tyler Technologies ranks #436 out of 2807 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Tyler Technologies has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Tyler Technologies' ROC (Joel Greenblatt) % compare to U and DT?
According to the Software industry distribution chart, Tyler Technologies ranks #436 out of 2807 companies for ROC (Joel Greenblatt) %. This places Tyler Technologies in the top 16% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 19.62. Tyler Technologies' value of 217.73% is 1009.7% above this benchmark. Historically, Tyler Technologies' own ROC (Joel Greenblatt) % has ranged from 89.43 to 206.71 over the past decade. While the company's 10-year median is 100.89 vs. the industry median of 19.62, Tyler Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Software company?
The median ROC (Joel Greenblatt) % among Software companies is 19.62, based on 2,807 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tyler Technologies's current ROC (Joel Greenblatt) % of 217.73% is 1009.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Tyler Technologies and its competitors. For the Software industry, the median ROC (Joel Greenblatt) % is 19.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tyler Technologies's current ROC (Joel Greenblatt) % is 217.73%, which is 116% above median its own 10-year median of 100.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tyler Technologies stock overvalued right now?
Tyler Technologies (MEX:TYL) has a current ROC (Joel Greenblatt) % of 217.73%. The stock's GF Value™ is MXN17,095.72, compared to a current price of MXN9,360.00 — trading 45.2% below its estimated fair value. The current ROC (Joel Greenblatt) % is 217.73%, which is 116% above median its 10-year median of 100.89 and 1009.7% above the Software industry median of 19.62. Tyler Technologies' overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Tyler Technologies (MEX:TYL), the current ROC (Joel Greenblatt) % is 217.73% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tyler Technologies (MEX:TYL) Overvalued in 2026?
Based on GuruFocus' analysis, Tyler Technologies stock appears to be undervalued.
The current stock price of MXN9,360.00 is trading 45.2% below its estimated GF Value™ of MXN17,095.72.
Key valuation signals for MEX:TYL:
ROC (Joel Greenblatt) %: 217.73% (116% above median its 10-year median of 100.89)
GF Value™: MXN17,095.72 vs. price of MXN9,360.00 (45.2% below fair value)
Industry Position: 1009.7% above the Software median (#436 of 2807)
No single metric tells the full story. See the MEX:TYL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.
81GF Score
Get the complete analysis for MEX:TYL
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:TYL has been successfully added to your 
